RAAC Management LLC - 21 Jul 2021 Form 4 Insider Report for Berkshire Grey, Inc.

Role
Other*
Signature
RAAC Management LLC, by: /s/ John K. Delaney, Authorized Signatory
Issuer symbol
N/A
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
4
Filing time
23 Jul 2021, 16:19:43 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGRY Class A common stock Conversion of derivative security +3,735,333 3,735,333 21 Jul 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BGRY Class B common stock Conversion of derivative security -3,735,333 -100% 0 21 Jul 2021 Class A common stock 3,735,333 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

RAAC Management LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On July 21, 2021, the issuer consummated its initial business combination (the "Business Combination"). In connection with and at the time of the closing of the Business Combination, each share of Class B common stock of the issuer automatically converted into one share of Class A common stock of the issuer.
F2 RAAC Management LLC ("Sponsor") is the record holder of the shares of Class B common stock reported herein. The members of Sponsor are Acceleration Capital Management LLC ("ACM") and Revolution Special Opportunities LLC ("RSO"). John K. Delaney is the managing member of ACM. Stephen M. Case is the managing member of RSO. The members of Sponsor elect and remove its managers. As a result of the foregoing, each of ACM, RSO and Mr. Case may be deemed to beneficially own shares held by Sponsor. Each of ACM, RSO and Mr. Case disclaims beneficial ownership of the shares held by Sponsor, except to the extent of such person's pecuniary interest therein.

Remarks:

These reporting persons' statuses as ten percent owners ceased on July 21, 2021. Mr. Case's status as a director ceased on July 21, 2021. Prior to the Business Combination, on the basis of the relationship between Sponsor, Mr. Delaney, Mr. Case, ACM and RSO, each of Sponsor, ACM and RSO may have been deemed to be directors by deputization with respect to the issuer for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The statuses of Sponsor, ACM and RSO as potential directors by deputization ceased on July 21, 2021.